Lohia Corp IPO Opens on July 23: Price Band, Issue Size and Key Details
- 20th July 2026
- 03:00 PM
- 3 min read
Summary
Lohia Corp's initial public offering opens for subscription on July 23, with the price band set at ₹404 to ₹425 per share. The ₹1,101.28 crore issue is entirely an offer for sale, and listing is expected on July 30.Mumbai | July 20
Lohia Corp, the Kanpur based manufacturer of technical textile machinery, will launch its IPO on July 23, closing on July 27. The issue comprises an offer for sale of 2,59,31,407 equity shares, aggregating up to ₹1,101 crore, with no fresh issue component. As the issue is a pure OFS, the company will not receive any proceeds; these go entirely to the Lohia family as selling shareholders. Lohia Corp is one of three mainboard IPOs opening the same day, alongside Indo-MIM and Xtranet Technologies.
What Is the Price Band and Lot Size?
The price band is fixed at ₹404 to ₹425 per share, with a face value of ₹1 per share. The lot size is 35 shares, taking the minimum retail investment to ₹14,875 at the upper end of the band. For small non-institutional investors, the minimum lot is 14 lots or 490 shares, amounting to ₹2,08,250. For big non-institutional investors, the minimum is 68 lots or 2,380 shares, amounting to ₹10,11,500. Eligible employees receive a discount of ₹40 per share.
What Is the IPO Timeline?
Lohia Corp refiled its draft red herring prospectus in August 2025, which SEBI cleared in December 2025. The OFS size has been reduced from the 4.22 crore shares originally proposed. The anchor investor portion opens a day ahead of the public issue.
| Event | Date |
| Anchor investor bidding | July 22 |
| IPO opens | July 23 |
| IPO closes | July 27 |
| Basis of allotment | July 28 |
| Listing date | July 30 |
How Is the Issue Structured?
The company has reserved 2 lakh equity shares for eligible employees. Of the net offer, excluding the employee quota, 75 percent is earmarked for qualified institutional buyers, 15 percent for non-institutional investors and 10 percent for retail investors. Pre-issue and post-issue shareholding stands at 10,56,50,000 shares, unchanged since the offer is entirely a sale by existing shareholders. Pre-IPO market capitalisation is ₹4,490.13 crore.
What Does Lohia Corp Do?
Lohia Corp manufactures machinery and equipment for technical textiles, including tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines and recycling machines. The company holds a 40.7 percent market share by value in India’s woven Raffia machinery segment, used to make polypropylene and high density polyethylene woven fabric and sacks. Listed peers include Rajoo Engineers, Lakshmi Machine Works and Mamata Machinery.
How Has Lohia Corp Performed Financially?
For FY26, Lohia Corp reported profit of ₹193.5 crore, up 64.2 percent from ₹117.8 crore a year earlier. Revenue rose 24.7 percent to ₹1,717 crore from ₹1,376.9 crore over the same period.
Equirus Capital and Motilal Oswal Investment Advisors are the book running lead managers to the issue. MUFG Intime India Pvt. Ltd. is the registrar.
Outlook
Lohia Corp’s listing will be closely watched given its dominant position in the woven Raffia machinery segment and strong FY26 earnings growth.
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